FrieslandCampina Lifts NASD OTC Exchange by 0.16%

By Dipo Olowookere The House of Representatives Committee on Customs and Excise chaired by Mr Leke Abejide, has promised to ensure that all customs duties and levies collected by the Nigeria Customs Service (NCS) are accounted for and remitted to the nation’s purse. He gave this assurance during the inaugural meeting of the panel on Wednesday in Abuja, using the occasion to roll out the seven-point agenda of his group. The lawmaker, who contested in the recently-concluded governorship election in Kogi State under the African Democratic Party (ADC), listed the key focus of the team as oversight of the Nigeria

By Adedapo Adesanya Oil prices fell further on Thursday touching a six-month low, as investors worried about sluggish energy demand in the United States and China. Brent crude futures dropped 48 cents to $73.82 a barrel and the US West Texas Intermediate (WTI) crude futures fell by 33 cents to $69.05 per barrel, with both benchmarks posting their lowest prices since late June. Analysts noted that the largest global importer of oil, China, is shuttering its interests in crude and this has created pressure on prices. Chinese customs data showed that crude oil imports in November fell 9 per cent

By Aduragbemi Omiyale One of the players in the personal healthcare and consumer goods sectors, PZ Cussons Nigeria Plc, has published a list of its shareholders with unclaimed dividends. Unclaimed dividends are cash rewards given to investors, mainly from the profits from the company’s operations, but are yet to be collected by the beneficiaries. This has been a major source of sleepless nights for the Securities and Exchange Commission (SEC), which is working to bring down the number of unclaimed dividends. It has been reported that the value of unclaimed dividends in the nation’s stock market is over N185 billion.

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed 0.15 per cent in the positive territory on Wednesday, December 6 as it extended its streak to a third day spurred by gains in three bellwethers. 11 Plc recorded a N16.00 appreciation to sell at N176.00 per share compared to the previous day’s N160.00 per share, Central Securities Clearing System (CSCS) Plc gained 43 Kobo to settle at N17.51 per unit versus the preceding day’s N17.08 per unit, and FrieslandCampina Wanco Nigeria Plc rose by 20 Kobo to close the day at N72.89 per unit, in contrast to Tuesday’s closing

By Kester Kenn Klomegah Exactly in August 2009, legendary Nigerian drummer, Tony Allen, who created the Afrobeat along with his old bandmate, Fela Kuti, and I had our first historical meeting in Paris, France. I had flown in from Shanghai, China, to meet with him for an informal encounter. Despite our heavy working schedules and limited time, the meeting lasted for about two hours. During the discussions, I asked him several questions about his professional musical career and life. In fact, he was extremely passionate and enthusiastic talking with me, and to remember him here are a few excerpts: When

Stanbic IBTC Holdings PLC has announced its array of exciting products and services specially designed to make the Back to School season stress-free for parents and guardians. As a one-stop-shop financial services organisation, Stanbic IBTC has a range of products and services that can give wings to the dreams of children and make paying school fees and purchasing back-to-school ‘must-haves’ more seamless for parents and guardians. For one, parents can access funds conveniently using Stanbic Salary Advance (SALAD), a personal overdraft service tailored to meet cash flow needs for salary earners by visiting  www.stanbicibtc.com/Nigeria/Individual/Borrowing/Salary-Advance to learn how to access this

By Jerome-Mario Chijioke Utomi Similar to history, which according to historians, is an unending dialogue between the present and the past through a continuous process of interaction between the historian and his facts to assist the anxious enquirer improving the present and future based on a clearer understanding of the mistakes and achievements of the past, the conversion on electricity power supply challenge in the country has like history, become neither unending nor abating. Essentially, the first half of this recurring circle was captured recently in my piece titled FG’s Assurance on Generation of 25,000MW Electricity, as it explains why

By Modupe Gbadeyanka A seminar aimed at teaching members of the judiciary, especially judges and lawyers on new skills in the capital market jurisprudence has been organised by the Investment and Securities Tribunal (IST). The training programme took place at this week in Calabar, Cross River State and it focused on jurisprudence of investments and securities laws, practice and procedure. Chairman of the tribunal, Mr Isaiah Idoko-Akoh, explained that the workshop is aimed at familiarising the participants with emerging trends in capital market jurisprudence and the operations of the IST. He said further that the initiative was novel and designed

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has clarified that Nigeria has not changed its foreign exchange policy from a managed float to a flexible regime. This was disclosed by the Governor of the apex bank, Mr Godwin Emefiele, while addressing journalists in Abuja on Tuesday after a meeting of the Monetary Policy Committee (MPC). On Monday, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, had said that the country will now start to use the Investors and Exporters (I&E) rate for the interbank segment, which is used for government transactions. But Mr Emefiele, in

By Modupe Gbadeyanka As part of its efforts to make parents give their children quality education and be able to pay for school fees without stress, RenMoney MFB Limited has entered into a partnership with schools to make access to school fees loans easier and faster for them. In a statement issued by the company, the Chief Executive Officer of RenMoney MFB Limited, Mr Graham Lee, said RenMoney was commitment to providing simple money solutions to Nigerians. He said parents who meet RenMoney’s credit criteria can enjoy lesser interest rates and faster processes on school-related expenses such as tuition, registration,

By Dipo Olowookere To Complete Process in Q2 2020 Managing Director/CEO of Linkage Assurance Plc, Mr Daniel Braie, has declared that the insurer will not need to source for external funds to meet up with the new capital base of N10 billion. Last year, the  National Insurance Commission (NAICOM) gave operators in the sector December 31, 2020 to shore up their capital base. The regulatory agency had explained that it was raising the minimum paid-up share capital of insurance and reinsurance firms so as to make the sector stronger and better. Under the new capital regime, life insurance underwriting firms,

By Adedapo Adesanya Oil prices fell on Tuesday amid growing worries that new coronavirus cases could slow demand, offsetting supply concerns after the United States and Europe planned to impose new sanctions on Russia. Brent crude fell 1.92 per cent or $2.06 to close at $105.5 per barrel, while the US West Texas Intermediate (WTI) traded 2.39 per cent or $2.47 lower to $100.8 a barrel. The market reaction came after Chinese authorities extended a lockdown in Shanghai to cover all of the financial centre’s 26 million people. Initially, there had been separate measures for the eastern and western sides,